Hi there :-)
Let the cost be x
The markup 0.21
The selling price 99.99
x+0.21x=99.99
Solve for x
1.21x=9.99
X=99.99÷1.21
X=82.64 is the cost price
Hope it helps
Nokia produced tires
20 char
D. Managers must remain proactive in expanding and/or modifying their product-market scope to anticipate and satisfy market conditions.
International trade affect consumers such that B. Consumers have access to a greater variety of goods and services from other countries. Trade exists from one country to another and opens the goods of one country to another country. In this regard, consumers can enjoy a wider array of goods which they can use in their daily lives
The CRT TV becomes an inferior good because the good becomes perceived as being of lower quality than a flat screen TV. Inferior goods are goods whose demand decreases when consumer income rises or their demand decreases when the consumer income decreases unlike normal goods. The demand of such goods declines as the level of income or real GDP in the economy increases. Normal goods experiences an increase in demand along with increase in the income level.
